Anadarko sells producing properties

HOUSTON, Nov. 1 -- Anadarko Petroleum Corp., Houston, agreed to sell its southeastern Colorado producing properties to an affiliate of Citation Oil & Gas Corp., Wayman, Kan., for $107.6 million.

The property package includes an estimated 9 million boe of proved reserves as of July 1, the proposed effective date of the sale. Closing is expected by yearend.

The properties have current net production of 3,000 boe/d and are 80% operated. The reserves are 90% oil and nearly 100% developed.

Related Articles

Brightoil Petroleum to buy Anadarko’s China subsidiary for $1.075 billion

02/18/2014

Brightoil Petroleum Holdings Ltd. of China plans to buy Anadarko Petroleum Corp.'s subsidiary in China for $1.075 billion.

Anadarko reports fourth-quarter loss, record yearend sales volumes

02/04/2014

Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion.

BLM Rock Springs office issues Monell-Arch field decision

01/06/2014 The US Bureau of Land Management found no significant potential impact from Anadarko Petroleum Corp.'s proposed development of the Monell and Arch ...

Anadarko to move Eagle Ford production on KMCC-Double Eagle

12/26/2013 Anadarko Petroleum Corp. has signed a long-term agreement with Kinder Morgan Crude & Condensate LLC and Double Eagle Pipeline LLC, a 50/50-join...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected